LOCHWAY LIMITED
🌳Matureactive
SC137138 · ltd · incorporated 1992-03-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 34.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 72-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 34.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 34.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-03-24📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-19🔓Charge satisfied #5
- 2022-05-19🔓Charge satisfied #4
- 2021-10-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-10-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-06-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-05-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-03-24📄change-person-director-company-with-change-dateofficers · CH01
- 2016-04-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2000-03-02🔓Charge satisfied #2
- 2000-01-28🔒Charge registered #5Lender: Aib Group (UK) PLC
- 2000-01-28🔒Charge registered #4Lender: Aib Group (UK) PLC
- 1999-12-23🔒Charge registered #3Lender: Aib Group (UK) PLC
- 1992-03-31🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1992-03-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1992-03-17➕PALAZZO, Angelo appointedsecretary
- 1992-03-17➕PALAZZO, Angelo appointeddirector
- 1992-03-17➕PALAZZO, Anne Simpson appointeddirector
- 1992-03-13🏢Company incorporatedAs LOCHWAY LIMITED
- 1992-03-13➕REID, Brian appointednominee-secretary
- 1992-03-13➖REID, Brian resignednominee-secretary
- 1992-03-13➕MABBOTT, Stephen appointednominee-director
- 1992-03-13➖MABBOTT, Stephen resignednominee-director
Owner dependency
91/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Angelo Palazzo Individual · Italian · DOB 11/1954 · age 72 | 50–75% | — | 50-75% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| MRM PROPERTY (SCOTLAND) LTD→ SC835543 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MSSR FOODS LIMITED→ SC842323 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MUNCH THAT LANARK LTD→ SC816669 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusactive
Typeltd
Incorporated1992-03-13
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
9 Lanark Road
Braidwood
Carluke
Lanarkshire
ML8 4PU
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11
Officers (3 active · 2 resigned)
Active
PALAZZO, Angelo→
Activedirector · ~72y · appointed 1992-03-17
View their other companies + combined net worth →
PALAZZO, Anne Simpson→
Activedirector · ~70y · appointed 1992-03-17
View their other companies + combined net worth →
REID, Brian→
Resignednominee-secretary · appointed 1992-03-13 · resigned 1992-03-13
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1992-03-13 · resigned 1992-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 28/01/2000 | 19/05/2022 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 28/01/2000 | 19/05/2022 | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | Bond & floating charge | 1 property | 23/12/1999 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 31/03/1992 | 02/03/2000 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/03/1992 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (93 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
change-person-director-company-with-change-date
officers · CH01
2026-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-19
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-23